Insurance Definitions

Simple, Competitive, Comprehensive

POL insurance: Property Owners Liability - this is insurance against claims for injuries to non residents or visitors to the property

Fire & Storm Damage Insurance: This insures against fire and storm damage to common areas of the property, for example the roof or common stairwell.

Comprehensive Building Insurance: This level of insurance covers for all unforeseen events both to the common areas of your building and to your private property or flat (this does not include home contents)

Claims Handler: Professional who handles insurance claims of any kind relating to you building. This is your first point of contact with any insurance company.

Deed of Condition: This document summarises which repairs are deemed to be "common repairs" and therefore which type of insurance policy/policies are required to provide adequate cover for all residents

Financial Services Authority: (FSA) - Regulator of all providers of financial services within the UK, including insurance policy providers.